Nordstrom Inc.’s Strategic Issues and Net Loss Problems
What are the strategic issues and problems of Nordstrom?
According to Business Insider, major retail giant Nordstrom Inc. has been facing financial struggles due mainly to declining sales- one of the many side effects of the current worldwide COVID-19 pandemic. Nordstrom’s fiscal Q1 2020 showed a hefty drop in total net sales growth, which fell 39.5% YoY. Discuss the company’s strategic issues and problems and present current business strategies.